MARCUS & MILLICHAP ARRANGES THE SALE OF A SMALL RETAIL PROPERTY IN TRANSIT-ORIENTED DISTRICT
AUSTIN, TEXAS, February 1, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 6324 North Lamar Boulevard, a light industrial/retail property located in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
J.R. Ellis, an investment specialist in Marcus & Millichap’s Austin office, represented the sellers, private owners. The buyer, a developer, was also secured by Mr. Ellis.
According to Ellis, “The location as well as the TOD zoning makes this property favorable for a mixed-use redevelopment.”
The property is located at 6324 North Lamar Boulevard located within the Lamar Boulevard/Justin Lane Transit-Oriented District near Crestview Station, one of the stops along the Capital Metro Rail line.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com